Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Second-quarter non-GAAP EPS of $0.02 fell 33% year over year and was in line with the consensus estimate. GAAP EPS deteriorated to -$0.15 from -$0.11 in the year-ago quarter. Revenue of $57.8 million grew 23% year over year and beat the consensus forecast of $55.9 million.
Now what: Calculated billings (revenue plus the change in deferred revenue) of $62.6 million increased 30% year over year, which bodes well for revenue growth in the future. Nonetheless, the EPS levels and trends make it tough to call the stock's P/E ratio of 276 times and forward P/E ratio of 171 times a "suite" deal (pun intended).
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Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.